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The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. [3] [4] Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism.
A semi-presidential republic is a government system with power divided between a president as head of state and a prime minister as head of government, used in countries like France, Portugal, and Egypt. The president, elected by the people, symbolizes national unity and foreign policy while the prime minister is appointed by the president or ...
Although laissez-faire has been commonly associated with capitalism and anarcho-capitalists advocate such a system, there is a similar left-wing or socialist laissez-faire [218] [219] system called free-market anarchism, also referred to as free-market anti-capitalism and free-market socialism to distinguish it from laissez-faire capitalism.
Although the oldest members of Generation Z are just now entering their mid-20s, it was an 80-year-old man who gave a voice to their collective disgust with the system that they were inheriting.
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In the year 2020, head of the World Economic Forum, Klaus Schwab published a book titled COVID-19: The Great Reset. [33] The book argues that the COVID-19 pandemic is an opportunity for politicians and governments to change the world's economies, societies and structures of government, by introducing a system of "Stakeholder Capitalism", doing ...
In the book, Mason discusses the existential threat posed to capitalism by the digital revolution. He argues that the digital revolution has the potential to reshape utterly our familiar notions of work, production and value; and to destroy an economy based on markets and private ownership. In fact, he contends, this is already happening.